MKT310 Exam 3
Which of the following would be most beneficial for Vietnam's coffee growers?
a depreciation in the value of the U.S. dollar
If China provides cash assistance to its companies in the steel industry, China is using which type of trade instrument?
subsidy
Which of the following best explains why some think the European Union would be better off without Britain?
Britain has been seen as taking a "me first" approach rather than a "what's best for the whole" approach.
China has been accused of prohibiting U.S. companies that offer cloud computing from offering their services in China. Which argument best explains this?
China wants to protect its firms from their more competitive U.S. rivals.
Who benefits from the tariffs assessed on SUVs imported to the United States?
Domestic producers
The new trade deal in North America called USMCA by Donald Trump is a revision of the North American Free Trade Agreement (NAFTA). What was the initial impetus for NAFTA?
NAFTA was designed to eliminate barriers to trade among member countries thereby creating a larger and more efficient productive base for the entire region.
Why is the announcement of the new trade agreement, referred to as USMCA by Donald Trump, so important for companies like Renault?
The new agreement reduces uncertainty about trade in the region allowing firms to make strategic decisions.
What fundamental element of a political union is the European Union missing by Britain's decision to opt out of provisions such as the EU Charter of Fundamental Rights, the Schengen Agreement, and the Eurozone?
The willingness of countries to give up sovereignty for the benefit of all.
Which of the following has contributed to the problems Vietnam is facing with its coffee revenues?
Vietnam's currency is pegged to the dollar.
Which of the following statements is true of how the strong U.S. dollar has affected the global coffee market?
Vietnamese coffee farmers are reducing coffee production and investing in alternative crops.
Under the "Chicken Tariffs", the United States assesses _______ tariffs on SUVs entering the country.
ad valorem
A customs union differs from a free trade area because it allows for
adoption of a common external trade policy.
Who are the losers as a result of the tariffs on SUVs imported to the United States?
domestic consumers
The United States has accused China of
exacerbating the global glut of steel by investing in additional production.
Which level of regional economic integration best describes the new free trade agreement in North America currently referred to as USMCA?
free trade area
What type of exchange rate regime is present in Vietnam?
pegged
Brazilian coffee farmers have benefitted from
the drop in the value of the Brazilian real.
